AVGO - Here's the Top Reason to Buy Broadcom Stock Before Its 10-for-1 Stock Split on July 12
2024-07-10 05:50:00 ET
Many investors could be kicking themselves for not buying shares of Broadcom (NASDAQ: AVGO) before now. Since October 2022, the share price of the semiconductor and software company has nearly quadrupled. Broadcom stock is up over 50% so far this year.
And a potential catalyst is imminent. Here's the top reason to buy Broadcom stock before its 10-for-1 stock split after the market close on July 12.
Broadcom announced plans for a 10-for-1 stock split in its June quarterly update. CFO Kirsten Spears said the move stemmed from the company's desire "to make ownership of Broadcom stock more accessible to investors and employees."
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Here's the Top Reason to Buy Broadcom Stock Before Its 10-for-1 Stock Split on July 12